For Sale
4742-4754 Anthony Wayne Drive, 4742, Detroit, MI 48201
$2,100,000
MLS # 20261046617 (Realcomp)
Built 19130.45 acres
1 / 23
Listing Description
4742–4754 Anthony Wayne Drive, Detroit, Michigan, a 9-unit multifamily investment opportunity located near Wayne State University in Midtown Detroit. The property is offered at $2,100,000 and features a reported 8.1% cap rate with additional upside potential.This is a well-located asset in one of Detroit’s most recognized rental corridors, with proximity to Wayne State, the Medical Center, and other major Midtown demand drivers.
Source: SparkMLS
About this home
Currently offered at $2,100,000.
Estimated annual property tax: $18,529, or about $1,544 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.45 acres
Year Built1913
Location
CityDetroit
Zip Code48201
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementBasement
WaterPublic
Sale & Financing
Listed6/25/2026
Source: SparkMLS
Tax Information
Annual Tax$18,529
Parcel #W04I0034185
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLHistoric District: Warren-Prentis Historic District
Exterior changes may require Historic District Commission (HDC) approval
Source: Detroit Historic District CommissionUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Glen L Brown
RE/MAX Dream Properties
Frequently Asked Questions about 4742-4754 Anthony Wayne Drive, 4742, Detroit, MI 48201
Which school district serves 4742-4754 Anthony Wayne Drive, 4742, Detroit, MI 48201?
Per MLS# 20261046617, 4742-4754 Anthony Wayne Drive, 4742, Detroit, MI 48201 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What are the property taxes at 4742-4754 Anthony Wayne Drive, 4742, Detroit, MI 48201?
Per public tax records, annual property taxes for this property are $18,529. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 4742-4754 Anthony Wayne Drive, 4742, Detroit, MI 48201 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 4742-4754 Anthony Wayne Drive, 4742, Detroit, MI 48201 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is 4742-4754 Anthony Wayne Drive, 4742, Detroit, MI 48201 in a historic district?
Per municipal ordinance records, this property is within the Warren-Prentis Historic District. Exterior changes to properties in locally-designated historic districts typically require approval from the Historic District Commission. Verify current requirements with the local HDC.
What utilities serve 4742-4754 Anthony Wayne Drive, 4742, Detroit, MI 48201?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$13,621
Principal & interest$13,621
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
4742-4754 Anthony Wayne Drive, 4742, Detroit, MI 48201
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Neighborhood
Lower Woodward
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Community
Detroit
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County
Wayne County
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